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Freeport-McMoRan Inc., often called Freeport, is an American mining company based in the Freeport-McMoRan Center, in Phoenix, Arizona. The company is the world's largest producer of molybdenum , a major copper producer and operates the world's largest gold mine , the Grasberg mine in Papua, Indonesia .
The Henderson mine, which has produced molybdenum since 1976, is owned by Freeport-McMoRan. The mine is North America's largest producer of primary molybdenum. 2007 production was 40 million pounds of molybdenum, with a value of $1.1 billion. [1]
New Cornelia Mine came under the ownership of Freeport McMoRan Copper & Gold Corporation, when it acquired Phelps Dodge, to become the largest publicly traded copper producer in the world in 2007. The mine was shut down in 1983 due to low copper prices, and a worker dispute with the local union.
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Freeport-McMoRan announced today that it has restructured its employment agreement with CEO Richard Adkerson, tying his compensation to the stock's peformance. Under the new agreement, Adkerson ...
Freeport-McMoRan Copper & Gold Inc. to Acquire Plains Exploration & Production Company and McMoRan Exploration Co. in Transactions Totaling $20 Billion, Creating a Premier U.S. Based Natural ...
Cyprus Amax Minerals was a major US-based mining company formed in 1993 through the merger of AMAX with the Cyprus Minerals Company. It was one of the world's largest producers of Molybdenum and Lithium and a leading producer of copper and coal.
If the price of copper doesn't rise or stays within the current range, it won't make sense to buy copper miner Freeport-McMoRan (NYSE: FCX). The Motley Fool Stock Advisor analyst team just ...